You will actually kill two birds because 1) your decreasing some of the angles that the lift added, and 2) your replacing the drag link anyways because the joints are worn. BUT I see you already replaced the drag link....
Swapping out the steering arm isn't all that bad. I just did it this past weekend. I kept it soaked in PB on Saturday as I was cleaning out the insides of the front fenders and on Sunday, the steering arm popped right off.
If you haven't done so and need to, you can swap out the pitman arm for a dropped pitman arm and that will take out some of the angles.